Net Income Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income per share attributable to Fortinet, Inc. is (in millions, except per share amounts):

	Three Months Ended
	March 31, 2023		March 31, 2022
Numerator:
Net income including non-controlling interests	$	247.7	$	138.3
Net loss attributable to non-controlling interests	—		(0.1)
Net income attributable to Fortinet, Inc.	$	247.7	$	138.4
Denominator:
Basic shares:
Weighted-average common stock outstanding-basic	783.2		803.4
Diluted shares:
Weighted-average common stock outstanding-basic	783.2		803.4
Effect of potentially dilutive securities:
RSUs	3.6		8.6
Stock options	6.6		8.8
Weighted-average shares used to compute diluted net income per share attributable to Fortinet, Inc.	793.4		820.8
Net income per share attributable to Fortinet, Inc.:
Basic	$	0.32	$	0.17
Diluted	$	0.31	$	0.17

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following weighted-average shares of common stock were excluded from the computation of diluted net income per share attributable to Fortinet, Inc. for the periods presented, as their effect would have been antidilutive (in millions):

	Three Months Ended
	March 31, 2023	March 31, 2022
RSUs	1.8	0.4
Stock options	2.3	0.9
Total	4.1	1.3